Indian Market

Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore

Quality Power IPO to Open on February 14; Fresh Issue Size Set at ₹225 Crore

/ Indian Market /

Quality Power Electrical Equipments Ltd. has announced that its initial public offering (IPO) will open for subscription on February 14. The company, which provides high-voltage electrical equipment and solutions, filed its red herring prospectus with the Registrar of Companies on February 6. The issue price band will be revealed later in the week. Anchor bidding […]

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RBI Cuts Repo Rate by 25 Basis Points to 6.25%, First Reduction in 5 Years

/ Indian Market /

The Reserve Bank of India (RBI) has lowered the repo rate by 25 basis points to 6.25%, marking its first rate cut in five years. The decision was taken by the six-member Monetary Policy Committee (MPC) after keeping the rate unchanged for the past two years. The last time the RBI reduced the repo rate

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Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results

Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results

/ Indian Market /

Trent Ltd, the parent company of Zudio and Westside, reported a 34% year-on-year increase in net profit for the third quarter of FY25, reaching ₹496.54 crore. This is in line with market expectations, as a Moneycontrol poll had estimated the company’s net profit at ₹505 crore. In the same quarter last year, Trent had reported

Trent Q3 Net Profit Rises 34% to ₹497 Crore, Shares Fall 7% Post Results Read More »

Zinka Logistics Stock Hits Upper Circuit; BlackBuck Jumps 40% in 8 Sessions

Zinka Logistics Stock Hits Upper Circuit; BlackBuck Jumps 40% in 8 Sessions

/ Indian Market /

Shares of Zinka Logistics Solutions Ltd. remained locked in the 5% upper circuit for the second consecutive session on February 6, with only buyers in the trade and no sellers. The stock has been on an upward trend despite the company reporting a widened net loss of ₹48 crore in Q3 FY25, compared to ₹19.5

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Hexaware Technologies Sets IPO Price Band at ₹674-708 Per Share; Subscription Opens on February 12

Hexaware Technologies Sets IPO Price Band at ₹674-708 Per Share; Subscription Opens on February 12

/ Indian Market /

Hexaware Technologies Ltd has announced a price band of ₹674-708 per share for its upcoming initial public offering (IPO), which will open for subscription on February 12 and close on February 14. The anchor investor bidding will take place on February 11, while the share allotment is scheduled for February 17. Refunds and credit of

Hexaware Technologies Sets IPO Price Band at ₹674-708 Per Share; Subscription Opens on February 12 Read More »

Zinka Logistics Q3 Loss Widens to ₹48 Crore, Revenue Jumps 41%

Zinka Logistics Q3 Loss Widens to ₹48 Crore, Revenue Jumps 41%

/ Indian Market /

Zinka Logistics Solutions reported a net loss of ₹48 crore for the third quarter ending December 31, 2024, widening from ₹19.5 crore in the same period last year. However, the company showed improvement on a sequential basis, as it had reported a much larger loss of ₹269 crore in the July-September quarter of this fiscal.

Zinka Logistics Q3 Loss Widens to ₹48 Crore, Revenue Jumps 41% Read More »

Info Edge Approves 1:5 Stock Split, Shares Rise Over 2.5%

Info Edge Approves 1:5 Stock Split, Shares Rise Over 2.5%

/ Indian Market /

The board of Info Edge has approved a stock split in the ratio of 1:5 to enhance liquidity and attract more retail investors. The announcement was made through an exchange filing on February 5. Following the news, the company’s shares gained over 2.5% by 11:50 AM. As per the approved split ratio, each existing equity

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Zydus Lifesciences Q3 Profit Rises 30% to ₹1,023 Crore, Revenue Jumps 17%

Zydus Lifesciences Q3 Profit Rises 30% to ₹1,023 Crore, Revenue Jumps 17%

/ Indian Market /

Zydus Lifesciences reported a strong performance for the third quarter of the financial year 2024-25, with its consolidated net profit rising 30% year-on-year to ₹1,023 crore. The company had posted a net profit of ₹789 crore in the same quarter last year. Revenue from operations saw a 17% growth, reaching ₹5,269 crore in Q3 FY25,

Zydus Lifesciences Q3 Profit Rises 30% to ₹1,023 Crore, Revenue Jumps 17% Read More »

ITC Hotels Removed from Sensex and Other BSE Indices Following Demerger

ITC Hotels Removed from Sensex and Other BSE Indices Following Demerger

/ Indian Market /

ITC Hotels Ltd will be delisted from 30-share BSE Sensex, and 22 other indices of BSE, with its deletion effective February 5, 2025, at trading opening, in view of its recently completed demerger with ITC Ltd., for a re-alignment in a variety of stock indices. According to an official statement, ITC Hotels’ delisting was triggered

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Gold Prices Reach All-Time High Amid US-China Trade War Concerns

Gold Prices Reach All-Time High Amid US-China Trade War Concerns

/ Indian Market /

Gold prices surged to a record high on Wednesday as tensions between the United States and China escalated, triggering fears of a full-scale trade war. The rise came after Beijing imposed new tariffs on U.S. imports in retaliation to Washington’s duties on Chinese goods. As of 0253 GMT, spot gold was trading 0.2% higher at

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